MARKET DEVELOPMENT
vEGOILS-Market Factors To Watch April 18
vEGOILS-Market Factors To Watch April 18
18/04/2016 (Reuters) - The following factors are likely to influence Malaysian palm oil futures and other vegetable oil markets.
FUNDAMENTALS
* Malaysian palm oil futures fell on Friday, a fourth market session of falls in the week, weighed down by declining rival oils and expectations of higher output in April.
* U.S. corn futures hit a four-month high on Friday as concern about summer weather risk in the Midwest and dry conditions in Brazil prompted investors to cover short positions, analysts said.
* Oil prices tumbled 5 percent early on Monday after a meeting by major producers in Qatar fell apart on Sunday, leaving the world awash with unwanted fuel.
MARKET NEWS
* Asian shares dropped on Monday, dragged down by tumbling crude oil futures after producers' weekend talks failed to address the global supply glut.
RELATED
> Delta drought gives glimpse into bleak future for mighty Mekong
> French court hands symbolic win to GMO maize supporters
> China to start annual cotton sales to cut stockpile -state planner
> Saudi-Iran tensions scupper deal to freeze oil output
> Not just China: Japan, South Korea push cheap steel as world reels
DATA/EVENTS
> Cargo surveyor ITS releases Malaysia's April 1-20 palm oil export data on April 15.
> Cargo surveyor SGS releases Malaysia's April 1-20 palm oil export data on April 15.
Palm, soy and crude oil prices at 0030 GMT
Contract Month Last Change Low High Volume
MY PALM OIL MAY6 0 +0.00 0 0 0
MY PALM OIL JUN6 0 +0.00 0 0 0
MY PALM OIL JUL6 0 +0.00 0 0 0
CHINA PALM OLEIN SEP6 5542 -10.00 5492 5546 387842
CHINA SOYOIL SEP6 6134 -30.00 6092 6136 249906
CBOT SOY OIL MAY6 33.15 -1.50 33.15 33.34 5226
INDIA PALM OIL APR6 554.90 -1.50 552.60 555.2 634
INDIA SOYOIL APR6 648.7 -0.45 647.8 649 630
NYMEX CRUDE MAY6 38.08 -2.28 37.61 38.75 34178
Palm oil prices in Malaysian ringgit per tonne
CBOT soy oil in U.S. cents per pound
Dalian soy oil and RBD palm olein in Chinese yuan per tonne
India soy oil in Indian rupee per 10 kg
Crude in U.S. dollars per barrel
FUNDAMENTALS
* Malaysian palm oil futures fell on Friday, a fourth market session of falls in the week, weighed down by declining rival oils and expectations of higher output in April.
* U.S. corn futures hit a four-month high on Friday as concern about summer weather risk in the Midwest and dry conditions in Brazil prompted investors to cover short positions, analysts said.
* Oil prices tumbled 5 percent early on Monday after a meeting by major producers in Qatar fell apart on Sunday, leaving the world awash with unwanted fuel.
MARKET NEWS
* Asian shares dropped on Monday, dragged down by tumbling crude oil futures after producers' weekend talks failed to address the global supply glut.
RELATED
> Delta drought gives glimpse into bleak future for mighty Mekong
> French court hands symbolic win to GMO maize supporters
> China to start annual cotton sales to cut stockpile -state planner
> Saudi-Iran tensions scupper deal to freeze oil output
> Not just China: Japan, South Korea push cheap steel as world reels
DATA/EVENTS
> Cargo surveyor ITS releases Malaysia's April 1-20 palm oil export data on April 15.
> Cargo surveyor SGS releases Malaysia's April 1-20 palm oil export data on April 15.
Palm, soy and crude oil prices at 0030 GMT
Contract Month Last Change Low High Volume
MY PALM OIL MAY6 0 +0.00 0 0 0
MY PALM OIL JUN6 0 +0.00 0 0 0
MY PALM OIL JUL6 0 +0.00 0 0 0
CHINA PALM OLEIN SEP6 5542 -10.00 5492 5546 387842
CHINA SOYOIL SEP6 6134 -30.00 6092 6136 249906
CBOT SOY OIL MAY6 33.15 -1.50 33.15 33.34 5226
INDIA PALM OIL APR6 554.90 -1.50 552.60 555.2 634
INDIA SOYOIL APR6 648.7 -0.45 647.8 649 630
NYMEX CRUDE MAY6 38.08 -2.28 37.61 38.75 34178
Palm oil prices in Malaysian ringgit per tonne
CBOT soy oil in U.S. cents per pound
Dalian soy oil and RBD palm olein in Chinese yuan per tonne
India soy oil in Indian rupee per 10 kg
Crude in U.S. dollars per barrel